Private Advisor Group LLC Purchases 2,382 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Private Advisor Group LLC lifted its position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 9.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,872 shares of the real estate investment trust’s stock after buying an additional 2,382 shares during the quarter. Private Advisor Group LLC’s holdings in Apollo Commercial Real Estate Finance were worth $265,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Triad Wealth Partners LLC bought a new position in shares of Apollo Commercial Real Estate Finance in the second quarter worth about $43,000. Future Financial Wealth Managment LLC bought a new position in Apollo Commercial Real Estate Finance in the 3rd quarter worth approximately $44,000. EverSource Wealth Advisors LLC purchased a new stake in Apollo Commercial Real Estate Finance during the 2nd quarter valued at approximately $59,000. Quest Partners LLC raised its position in shares of Apollo Commercial Real Estate Finance by 7,689.4% during the second quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 9,458 shares during the last quarter. Finally, Koshinski Asset Management Inc. bought a new stake in shares of Apollo Commercial Real Estate Finance during the first quarter valued at approximately $137,000. Institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Up 0.8 %

Shares of NYSE ARI opened at $9.19 on Friday. The company has a current ratio of 46.13, a quick ratio of 46.13 and a debt-to-equity ratio of 0.67. Apollo Commercial Real Estate Finance, Inc. has a 12-month low of $8.52 and a 12-month high of $12.74. The firm’s 50-day moving average price is $9.31 and its 200-day moving average price is $9.92. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of -9.98, a P/E/G ratio of 1.48 and a beta of 1.75.

Apollo Commercial Real Estate Finance Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.00 annualized dividend and a yield of 10.89%. Apollo Commercial Real Estate Finance’s payout ratio is presently -108.70%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ARI shares. StockNews.com cut shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Monday. JPMorgan Chase & Co. cut their price objective on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a research report on Thursday, October 17th. Finally, BTIG Research assumed coverage on Apollo Commercial Real Estate Finance in a research report on Friday, July 19th. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, Apollo Commercial Real Estate Finance has an average rating of “Hold” and an average target price of $9.88.

About Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States, the United Kingdom, and Europe.